• Two Wheeler Loan Interest Rates

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    With mounting costs of public transport and increasing traffic, owning a vehicle of your own has become more of a necessity than extravagance. When compared to cars, a two-wheeler is easier to maintain and consumes less fuel. If you are worried about the unexpected expenses that you will incur if you purchase a motorbike, applying for a two-wheeler loan is the best thing to do. With lot of leading banks in India offering two wheeler loans, you can not only get the vehicle of your dreams in no time but also pay back the loan without any financial stress through easy instalments. Along with that, you will be able to get hold of a lot of two-wheeler loan offers which will help you save a good amount on the interest outgo.

    Before applying for a two-wheeler loan, you must always discuss about the prevailing interest rates with your banker and check your affordability. Since the interest rates can make or break your loan deal, always pay attention to the minute details about the rate of interest.

    Current Two Wheeler Loan Interest Rates

    Given below are the current interest rates for two wheeler loans offered by the leading Indian banks and financiers:

    Name of Bank Loan Scheme Two-Wheeler Interest Rate
    State Bank of India Super Bike Loan Scheme 1 year MCLR (7.95%) + 3.65% = 11.60% p.a.  
    SBI Two-Wheeler Loan 1 year MCLR (7.95%) + 9.25% = 17.20% p.a.  
    HDFC Bank Super Bike Two wheeler Loan APR: 8.61% to 17.13% IRR: 8.60% to 14.65%
    Two wheeler Loan APR:10.55% to 34.08% Note- Up to December 2017 IRR:10.50% to 28.41% Note-Up to December 2017
    Saurashtra Gramin Bank Saurashtra Two-wheeler Loan Repayment Period up to 3 Years 15%  
    Repayment Period up above 3 Years, up to 5 years 16%
    Bank of Baroda Bank of Baroda’s Two-Wheeler Loan One year MCLR (6.45%) + Strategic Premium + 4.00%  
    Punjab National Bank PNB Vehicle Loans In which monthly income is being paid via concerned branch and/or under check off facility < 3 years 1 Year MCLR + 3.25%= 11.4% p.a.
    >= 3 years 1 Year MCLR + 3.75%= 11.90% p.a.
    For every other loan including business concerns < 3 years 1 Year MCLR + 4.25%= 4.12% p.a.
    >= 3 years 1 Year MCLR + 4.75%= 12.90% p.a.
    PNB Power Ride Up to 36 months 1 Year MCLR + 1.75%= 9.90% p.a.
    Andhra Bank Andhra Loans for Two-Wheelers For loan term up to 36 months 1 Year MCLR (8.40%) + 1.95%=10.35% p.a.  
    For loan term above 36 months 1 Year MCLR (8.40%) + 1.95% + 0.25%= 10.60% p.a.  
    Bajaj Fin Serv Customers are segregated into three bands, namely,   The best possible interest rate is offered to the customers on the basis of the bank’s pre-fixed loan parameters.
    High >30%
    Medium 27% to 30%
    Low <27%
    L & T Finance   L & T Two-Wheeler Finance Starts from 10.75% p.a. The actual rate varies on the basis of the profile and credit worthiness of the borrower
    UCO Bank UCO Two-Wheeler Loan Scheme For General category 1 Year MCLR (8.45%) = + 4.40%= 12.85% p.a.  
    Accounts with full liquid collateral security (1.00% interest rebate) 1 Year MCLR (8.45%) + 3.40%= 11.85% p.a.
    Accounts with 50% liquid collateral security (0.50% interest rebate) 1 Year MCLR (8.45%) + 3.90%= 12.35% p.a.
    Syndicate Bank Syndvahan Two Wheeler Loan 1 Year MCLR (8.45%) +2.10% =10.55% p.a.  
    Vijaya Bank V-Wheels 2 Wheeler Loan 1 Year MCLR (8.50%) + 3.15% =11.65% p.a.  
    V-Combo (Special vehicle loan for home loan customers) 1 Year MCLR (8.50%) + 0.65% =9.15% p.a.
    Allahabad Bank AB Mobike Loan Scheme 1 Year MCLR (8.45%) +3.25%= 11.70% p.a.  
    Oriental Bank of Commerce Oriental Vehicle Loan Scheme for General Public Up to 36 months BR + 0.50% = 10.20% (Floating) 0.25% concession on the interest rate for loyal customers, group of employees and home loan borrowers
    Up to 84 months BR + 0.75% = 10.45% (Floating)
    Shriram City Union Finance Shriram Two-Wheeler Loans Interest Rate will be offered at the lender’s discretion on the basis of the loan scheme opted by the borrower  
    Bank of India BOI Star Vehicle Loan for 2 Wheelers including Super Bikes) 1 Year MCLR (8.30%) + 0.60%= 8.90% p.a. Note- Festive offer valid up to 31.03.2018
    Punjab & Sind Bank Two-Wheeler Vehicle Loan One Year MCLR (8.40%) + 2.00% = 10.40% Note- Festive Bonanza Scheme valid up to 31.03.2018
    Lakshmi Vilas Bank Lakshmi Personal Vehicle Loan 1 Year MCLR (9.15%) + 3.10% =12.25% p.a.  
    Nainital Bank Suhana Safar Loan Scheme For Tenure 1 Year MCLR 1 Year MCLR (8.35%) + 0.70%= 9.05% p.a. Special concession is offered under Festive Offer
    For Tenure 2 Years MCLR 2 Year MCLR (8.65%) + 0.40%= 9.05% p.a.
    For Tenure above 2 Years MCLR Above 2 Year MCLR (9.00%) + 0.25%= 9.25% p.a.
    City Union Bank CUB Easy Ride 3 Year MCLR + 4.80%= 14.50%  
    State Bank of Mysore Up to 5 years 1 Year MCLR + 6.55% = 16.05%  
    State Bank of Travancore Rs.50000 and below 13.85% p.a.  
    Above Rs.50000 12.85% p.a.
    State Bank of Patiala Floating Rate of Interest 1 Year MCLR + 6.25% = 15.75% p.a.  
    Fixed  Rate of Interest 1 Year MCLR + 6.50% = 16.00% p.a.
    Corporation Bank Corp Vehicle Two Wheeler Loan 1 Year MCLR (8.65%) + 3.60%= 12.25% p.a.  
    Central Bank of India Cent Vehicle Loan Floating 1 Year MCLR (8.30) + 0.40%= 8.70% p.a.  
    Fixed Rate (Repayment within 36 months) 1 Year MCLR (8.30) + 0.40%= 8.70% p.a.

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    Two Wheeler Loan Interest Rates in India

    The rate of interest of two-wheeler loans differs from banks to banks. The rate is not the same with two different lenders as every lender has their own pre-fixed parameters based on which the final rate is determined. The interest rates are usually floating and linked to the MCLR (Marginal Cost of Funds Based Lending Rate). Because a two-wheeler is a depreciating asset, the interest rates are generally higher when compared to other loan products.

    Usually, the two-wheeler loan interest rates in India range between 8% to 18% depending on the bank, the loan amount, type and model of the vehicle, loan scheme, repayment tenure, applicant's net income and employment type, source of income and credit history. The loan rates may also depend on the type of the loan applied for. Typically, banks offer two-wheeler loans in secured and unsecured form. While the interest rate charged on a secured loan is relatively lesser, an unsecured loan comes with higher interest rate.

    Features and Benefits of Two Wheeler Loans

    Two-wheeler loans come with a hoard of features and benefits and this is why these are highly preferred by the users. Some of the vital features and benefits of the two-wheeler loans offered in India are listed below:

    • With most of the banks offering loans up to 90% of the on-road price of the vehicle, you can purchase any brand new two-wheeler without giving any second thoughts.
    • Burning up all your savings to purchase a two-wheeler is a risky option. Instead, avail a two-wheeler loan to relieve you of the financial burden. As an added advantage, you can also plan your budget effectively and pay back the loan in affordable EMIs.
    • Two-wheeler loans usually cover the cost of insurance, accessories and registration.
    • To get more out of your two-wheeler loan, check for loan partnership options with your automobile dealer.
    • Two-wheeler loan requires minimal documentation and is offered for all sections of people and all class of customers.
    • The income criteria is also lenient and most of the banks offer motorbike loans for people with an annual income of Rs.50, 000.
    • There is either no prepayment penalty or a nominal foreclosure charge for paying off the two-wheeler loan ahead of the tenure.
    • Most of the banks also offer flexible repayment options which will enable the customer to choose a comfortable tenure.
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    Two-Wheeler Loan Miscellaneous Charges

    Apart from the interest rate the borrower also has to pay several associated charges and fees while availing a two-wheeler loan. Since, these extra charges add to the loan-related expenses, these are vital aspects that a borrower needs to consider while applying for a loan. The commonly applied charges that usually come along with the loan are as follows:

    • Processing charge: The processing fee is a mandatory amount that the borrowers are required to pay at the time of loan application. This fee is charged by the banks for processing the loan request and it is expressed as a percentage of the total loan amount. It usually ranges from 0.50% to 5% of the loan amount which account to minimum Rs.600 to maximum Rs.5000.
    • Foreclosure fee: Banks charge an amount of money on prepayment or foreclosure of the two-wheeler loan before the end of the loan tenure. This is the process of paying a part of the loan or closing it before time. However, the foreclosure charges for two-wheeler loan is relatively lower, even certain banks don't charge any amount for pre-payment of such loans.
    • Late payment fee: In case the borrower default on paying the monthly instalments of the two-wheeler loan on time, the banks or lenders charge a penalty in the form of late payment fee. This fee needs to be paid on time along with the due amount to avoid any further consequences.
    • Other charges: Besides these, the banks or financial lenders levy several other charges on a two-wheeler loan as per own their lending policies. Some of the miscellaneous fees that the borrowers of two-wheeler loans usually have to pay are issuance charges for copy of loan report and credit report, administrative charges, etc.

    Types of Two-wheeler Loan and Interest Benefits

    As told earlier, banks and other financial organisations provide two different types of two-wheeler loans depending on the security required to avail the loan. Here are the details of the types of two-wheeler loans that a borrower can apply for:

    • Secured two-wheeler loans- Secured two-wheeler loans are those which are offered against a security or a collateral. While taking this type of loan, the borrower needs to offer an asset as a collateral whose value is equivalent to the value of the loan. This collateral acts as a security against the loan and on the basis of this security the bank offers the loan. The main advantage of this two-wheeler loan variant is that it is available at a lower interest rate compared to the other variant as it minimises the risk of the lender in case of defaults. Since this loan comes with low-risk factor, it is easily available and you can get it without hassles.
    • Unsecured two-wheeler loans- Unsecured two-wheeler loans are completely different from the secured ones as they don't require any asset as security. The borrowers can get this variant just by fulfilling the basic eligibility criteria mandated by the lender. Hence, it makes an ideal solution for borrowers who don’t have any asset to pledge against the loan. However, as this loan doesn't require any security, the risk associated with it is more and this is why the interest rate of an unsecured two-wheeler loan is comparatively higher than that of a secured one. In other words, this loan doesn’t offer much interest benefit to the borrowers.

    Factors that Impact Two-wheeler Loan Interest Rate

    The interest rate is a vital aspect of a two-wheeler loan and the borrower needs to consider and compare the interest rates of various banks before zeroing their search on any particular loan product. But before you start your search for a suitable loan with low-interest rates, you should know about the various factors that play a significant role in deciding the interest rate of the loans. Here are some of the vital ones:

    • Type of vehicle- The rate of interest of a two-wheeler loan largely depends on the type of the vehicle that the borrower is planning to buy. Whether the customer intends to purchase a moped, a scooter, a motorcycle or a high-performance two-wheeler, he or she needs to pay varied interest rates as the rate varies for each of these two-wheeler categories.
    • Employment Type of Applicant:  The employment nature of the applicant usually have a significant impact on the rate of interest that is offered by the banks. As they consider a salaried individual to be a more credible borrower compared to a self-employed individual, the interest rate charged for the salaried borrowers is lesser than the rate offered to the self-employed individuals.
    • Range of Income- As the applicant’s income range determines his/her ability to repay the loan in the form of EMIs every month, it greatly affects the interest rate that he/she is offered with. While an applicant with higher income range is usually offered a low-interest rate, an individual having relatively lower income gets loan with higher interest.

    How to Compare Two Wheeler Loan Interest Rates?

    With so many two-wheeler loans on offer, it often becomes difficult for the customers to find out the best one which will give them significant benefit. These given tips will help you to compare the loans efficiently and zero your search on the most profitable one:

    • Before deciding on a two-wheeler loan product, carefully analyse all the features that it has to offer. Consider the product only if you find the majority of the features matching with your requirements.
    • Check if the interest rates for two-wheeler loan with regards to a particular bank is floating or fixed. Also, use a two-wheeler loan EMI calculator to decide your loan affordability.
    • In a two-wheeler loan EMI calculator, all you have to enter is the loan amount, tenure and the interest rates. The calculator will project the monthly EMI along with the repayment schedule which will help you decide if the loan on that interest rate is affordable.
    • Compare different two-wheeler loan products and check whether features like nil-foreclosure charges, insurance and high quantum are offered or not. Also, make sure to compare the interest rates for two-wheeler loans using a third-party comparison website.

    You May Like To Read : Two Wheeler Insurance.

    Two-Wheeler Loan Eligibility and Documentation

    Eligibility- In India, most of the banks offer two-wheeler loans to people within the age group of 18 to 65. The applicant can be a student, a salaried profession or a self-employed customer. Select banks also offer specialized two-wheeler loan products for agriculturists. The income criteria for two-wheeler loans depend on the type of loan and is at the discretion of bank.

    Documents - The applicants have to submit an ID proof and a proof of address. Income documents like bank account statements, salary slips, income tax return statements and certificate of employment are also required. Agriculturists and self-employed individuals have to submit relevant supporting documents to avail a loan for two-wheeler.

    Since the interest rate of your two-wheeler loan will determine the final amount that you have to pay every month as a part of the loan repayment procedure, you should take a calculative decision. Shop around, compare all the available loan products and offered interest rate well before opting for a two-wheeler loan product.

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    News about Two Wheeler Loan

    • The Prototype of Emflux One Unveiled at the 2018 Auto Expo

      Emflux Motors - a less than 2-year old startup located in Bangalore - unveiled its first bike at the Auto Expo 2018. Outfitted with 9.7 kWh lithium-ion batteries, Emflux One is an electric bike that is expected to hit the Indian market in April 2019. Designed, manufactured, and assembled in India, the motorcycle can reach a top speed of 200 kmph. Varun Mittal, the Co-Founder and Chief Executive Officer of Emflux Motors, has announced that the bike will initially be produced at a small scale with 199 units for the Indian market and 300 units will be exported. Foreseen to be released in 2 different models, the basic model of Emflux One is expected to be priced at Rs.6 lakh while the advanced version will be worth Rs.11 lakh and sport 3 performance upgrades.

      15 February 2018

    • Electric vehicles and hybrids will rule the country’s two-wheeler market

      Many leading two-wheeler manufacturers are working towards the development and launching of electric vehicles and hybrid two-wheelers that will run on alternative fuel. Hero Electric and Greaves Cotton are the 2 companies that will be coming up with electric vehicles very soon. Hero Electric anticipates to increase sales of electric vehicles from 26,000 units to 75,000 units in the financial year 2018-19. The company plans to invest Rs.700 crore over the next 5 years for expanding capacity and localising parts. Greaves Cotton is creating a new CNG and petrol ‘lean burn’ engine for having a clean and fuel-efficient vehicle model.

      12 February 2018

    • Hero Electric exposes 3 electric two-wheelers in the country

      Hero Electric recently revealed 3 of its international vehicle models in the country. This unveiling was done a little before Auto Expo 2018. The leading two-wheeler maker decides to release 3 new products over the entire year of 2018. This will be done in different phases. The Managing Director of Hero Electric, Naveen Munjal, stated that AXLHE-20, one of the 3 new vehicles, is an e-bike that offers high speed, high efficiency, and excellent performance. The other 2 new vehicles include Kuo Boost and A2B Speed. These 2 are premium electric bicycles that can be utilised by individuals who like fitness as well as adventure.

      9 February 2018

    • UM Motorcycles Is Clearing the Decks to Launch India’s First E Cruiser at 2018 Auto Expo

      The UM Thor will be unveiled at the 2018 Auto Expo that will be held on 8 February 2018. The first electric cruiser in India will sport an electric motor of 30 kw to produce a power of 50 bhp while featuring fast charging option and a riding range of approximately 150 km. Followed by the launch of the flagship product, a number of major two-wheeler manufacturing companies are also expected to join the race with their electric vehicle products. Numerous bike manufacturing companies such as Hero MotoCorp, Bajaj Auto, and TVS Motor Company are currently working to manufacture electric scooters designed for the Indian Market. The introduction of UM Thor might lead them to speed up their schedule.

      UM Motorcycles is also planning to launch a new 230cc adventure cruiser along with its existing range of products including the Renegade Commando Mojave, Renegade Commando, Renegade Commando Classic, and Renegade Sports S at the biggest automotive expo in India.

      8 February 2018

    • Kawasaki KLX250 2018 bike to be released at Auto Expo 2018

      Kawasaki, leading Japanese two-wheeler manufacturer, will most probably release its brand new bike known as Kawasaki KLX250. This bike is a dual-purpose bike that will be assembled in the country via CKD. It has a single cylinder with an engine displacement of 249 cc. The bike comes with a 6-speed gearbox. The drive type of this motorcycle is a chain-type final drive. The front brake of this vehicle model is a 250 mm disc brake. The rear brake of this bike is a 240 mm disc brake.

      7 February 2018

    • Suzuki Hayabusa bike has been released in India

      Suzuki India has declared that it is releasing the flagship bike known as Hayabuza in India. This latest entry to the country will be the 2018 version of the bike model. This bike version will be assembled in India itself. The units of this bike will be imported as Completely Knocked Down (CKD) units. The estimated ex-showroom price of this incredible brand new bike model is Rs.13.88 lakh. One can choose black or red/white for this bike model. The bike will first be displayed at 2018 Auto Expo in the nation.

      2 February 2018

    • Royal Enfield’s Thunderbird Series Will See an Expansion in February 2018

      Royal Enfield is set to upgrade its Thunderbird series by launching two new bikes - Thunderbird 350x and Thunderbird 500x - on 22 February 2018. In an attempt to attract the younger age group, the motorcycle manufacturing giant is introducing the bikes with bright-coloured tanks while the rest of the body will be in black. The Royal Enfield Thunderbird 350x will feature a 346cc engine that will generate a power of 20hp along with the maximum torque of 28Nm. On the other hand, the Thunderbird 500x will sport a 499cc single-cylinder, air-cooled engine which will carry a maximum torque of 41Nm with a power of 27hp. Both the motorcycles will reportedly be equipped with a five-speed gearbox along with disc brakes on both wheels featuring a top-of-the-line anti-lock braking system. The new Thunderbird bikes will also be outfitted with a 20-litre fuel tank in addition to a twin pod instrument cluster with dual trip meters.

      1 February 2018

    • TVS Ascends the Chart with 39% Growth in Two-Wheeler Sales

      TVS Motor Company has witnessed a growth in two-wheeler sales in December 2017 by 39%, when compared to December 2016. The company witnessed the sale of 179,551 units in December 2016 while it increased to 247,630 units in December 2017. As per the reports, the domestic two-wheeler sales rose by 35.4%, amounting to 207,778 units in December 2017 as opposed to 153,456 units in December 2016. According to reports, TVS scooters have also seen a massive growth of 50.5% while TVS motorcycle sales have increased by a whopping 63.7% in December 2017 (compared to December 2016). Apart from this, the total exports of TVS Motor Company have also seen 55.8% growth along with a 72.1% rise in three-wheeler sales.

      30 January 2018

    • KTM organises ‘Orange Day’ for motorcycle lovers

      Leading motorcycle manufacturer, KTM, recently conducted an event known as ‘Orange Day’ for bike lovers living in Vijayawada. This day was organised exclusively to enable bike lovers to experience the power and speed of the company’s RCs and Dukes. One of the other intentions of this event was to enable KTM fans to interact with other KTM enthusiasts. The ‘Orange Day’ was held at a venue known as Adventura on Vijayawada Club Road in Tadepalli, Vijayawada. This event began at 4:30 p.m., where various riders and bike enthusiasts registered for this event for performance sessions and classroom sessions.

      25 January 2018

    • Sustainability Takes the Center-Stage of the Two-Wheeler Industry

      The Autocar Professional’s Two-Wheeler Industry Conclave 2018 held in New Delhi on 18 January 2018 was a melange of ideas regarding the two-wheeler industry of the country. While the three-session conclave consisted of discussions and debates on the challenges and opportunities in the segment, delegates from various sections of the industry unanimously claimed that the time has come for the Indian two-wheeler industry to set new global technology standards. Keeping the upcoming trends such as electrification, digitisation, and on-demand mobility in mind, it was surmised that electric vehicles and IC-engined products are the future of the two-wheeler industry. By investing more on e-mobility, the Indian bike industry will not only be able to propel itself to the forefront, but will also become the international hub of clean and green vehicles. In order to achieve this feat, the industry should have a clear policy roadmap along with a collaborated platform for overall growth.

      24 January 2018

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    Customer Reviews

  • Page 1 of 50 1 2 3 4 5
    • HDFC Bank Two Wheeler Loan
      "Good service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      Got the Two wheeler loan from the HDFC bank around 7 years ago. The customer support service is good with the HDFC bank and they have offered me the loan of 25% and the balance amount has been paid has initial payments. The rate of interest and the charges are average with the HDFC bank two wheeler loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 19, 2018
    • HDFC Bank Two Wheeler Loan
      "Good service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have taken a two wheeler loan from HDFC and the approved loan amount was 67000. The rate of interest was 8 to 9% were i have to pay a monthly EMI of 2667. The total tenure was for 2 years. The process was quick and the processing fee was 2% of the total amount.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 19, 2018
    • review Two Wheeler Loan
      "Disappointed Experience"
      BAJAJ FINSERV
      0.5 3.0/5 "Satisfactory"
      I was having out standing loan amount, hence Bajaj Finserv have not approved loan based on the credit score. Finally I took from my parents name. The loan process was difficult they stick to the credit score to take Rs. 50,000 to 60,000 of minimum amount. Service was not friendly and charges are more.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • review Two Wheeler Loan
      "Customer service should be improve"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      I closed Bajaj Finserv two wheeler loan, it was average experience. I approached through the dealer, the customer service was good they processed my documents on time. I took the amount of Rs. 30,000 for tenure of 30 months, I paid all the dues.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 16, 2018
    • State Bank of Mysore Two Wheeler Loan
      "Good service"
      STATE BANK OF MYSORE
      0.5 5.0/5 "Blown Away!"
      My two wheeler loan got approved from the STATE BANK OF MYSORE within the promised time. The customer support service and the response was good with the STATE BANK OF MYSORE. The rate of interest and the charges are average with the STATE BANK OF MYSORE two wheeler loan.,
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • HDFC Bank Two Wheeler Loan
      "Good service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have taken a credit card with HDFC bank,the loan amount is 50,000.The rate of interest is nominal as compared to others.No processing fees for the same,the tenure is for 24 months.I closed five years ago.I dint have any foreclosure charges.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 16, 2018
    • review Two Wheeler Loan
      "Good Loan"
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      I took an Avenger bike using these Financiers. They gave me the Loan almost immediately within 2 hours. Their charges are all pretty decent throughout. I haven't had even a single cheque bounce in this Loan until now. The overall experience has been good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 16, 2018
    • review Two Wheeler Loan
      "Very good service"
      INDUSIND BANK LTD
      0.5 4.0/5 "Great!"
      I have got the two wheeler loan experience from the INDUSIND BANK LTD around a year ago. The customer support is good with the INDUSIND BANK LTD , they have disbursed the loan amount within 5 to 6 days of time. The rate of interest and the charges are low with the INDUSIND BANK LTD two wheeler loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 15, 2018
    • HDFC Bank Two Wheeler Loan
      "Good service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      Got the Two wheeler loan from the HDFC bank around 3 months ago. The customer support service is good with the HDFC bank. They have disbursed the loan amount within 10days of time. They have offered me the loan amount up to 70% and I am satisfied with it.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 15, 2018
    • L&T Finance Two Wheeler Loan
      "Good service"
      L&T FINANCE LIMITED
      0.5 4.0/5 "Great!"
      I have taken a home loan with L& T and my loan experience was very good. The loan amount was for Rs 40000 with the rate of interest of 11% which is nominal when compared to other banks. The process was very fast and i received my loan within 2-4 days. Customer service was good, they responded on time and the tenure of this loan is 18 months.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 15, 2018
    • review Two Wheeler Loan
      "Better service "
      INDUSIND BANK LTD
      0.5 4.0/5 "Great!"
      I have taken Two wheeler loan with Indusind bank,the loan amount is 30,000.the tenure is for 11 months,the rate of interest is very high as compared to others.The EMI active of 3350 i pay it through an ECS payments.They had processed quickly and submitted limited documents.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Feb 15, 2018
    • review Two Wheeler Loan
      "Quicker approval"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      I had a two wheeler loan with Bajaj and it was closed by last year. I have purchased Pulsar RS 200. They processed the loan quickly and everything was taken care by the showroom people. The loan procedure was very simple and fore closing can be done easily through online.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 14, 2018
    • ICICI Two Wheeler Loan
      "ICICI bank two wheeler loan"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I have taken a two wheeler loan from ICICI bank and the approved loan amount was 50000. The rate of interest was nominal. The monthly EMI comes around 2000 for a tenure of 3 years. The process was quiet good and simple. The customer service and response is good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 13, 2018
    • review Two Wheeler Loan
      "Good service"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      I have taken a two wheeler loan with Bajaj Finserv and my loan experience was very good. The loan amount was for Rs 40000 with the rate of interest of 12% which is nominal when compared other sources in the market. The tenure of this loan is 24 months and the services provided are very good with Bajaj Finserv.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 13, 2018
    • review Two Wheeler Loan
      "Its Best"
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      My two wheeler was closed with Bajaj Finserv, they process absolutely good. They done the process very quickly my dealer delivered the vehicle on time. Even the interest rate and charges was nominal. When my loan got completed I got NOC from them.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 13, 2018
    • review Two Wheeler Loan
      "Good service"
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      I have taken Two wheeler loan with Bajaj Finserv,the loan amount is 68,000 credited the same day,they are very quick in processing the request unlike other banks,the rate of interest is very high.They had deducted 5000 as processing fees.The payments are getting deducted from my account via ECS.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 13, 2018
    • review Two Wheeler Loan
      "Best service"
      INDUSIND BANK LTD
      0.5 5.0/5 "Blown Away!"
      I have taken a two wheeler loan with IndusInd bank and my loan experience was very good. The loan amount was for Rs 40000 with the nominal rate of interest when compared to other banks. Customer service was good and they followed up on time. The process was smooth, i received my loan amount within 1 week and the tenure of this loan is 16 months.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Feb 13, 2018
    • Shriram City Two Wheeler Loan
      "Good service"
      SHRIRAM CITY UNION FINANCE
      0.5 5.0/5 "Blown Away!"
      My two wheeler loan got approved by SHRIRAM CITY UNION FINANCE and I have got the loan amount up to 70%. The customer service is good with the SHRIRAM CITY UNION FINANCESHRIRAM CITY UNION FINANCE . The rate of interest and the charges are average with the SHRIRAM CITY UNION FINANCE two wheeler loan. I would say , I am satisfied with SHRIRAM CITY UNION FINANCE two wheeler loan services.
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      , hyderabad
      Reviewed on Feb 13, 2018
    • review Two Wheeler Loan
      "Best service"
      INDUSIND BANK LTD
      0.5 4.5/5 "Excellent!"
      I have taken a two wheeler loan with IndusInd bank and my loan experience was very good. The loan amount was for Rs 60000 with the rate of interest of 12% which is nominal when compared to other banks. The process was smooth and the tenure of this loan is 24 months. Customer service was good and they followed up on time.
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      , bangalore
      Reviewed on Feb 13, 2018
    • HDFC Bank Two Wheeler Loan
      "Good service"
      HDFC BANK
      0.5 3.5/5 "Pretty good"
      I have applied for the Two wheeler loan with the HDFC bank around 5 days ago and I haven't got the call yet from the customer service of HDFC , I believe they will be giving me a call back immediate to process my two wheeler loan application. the customer support service is good with the HDFC bank.
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      , gorakhpur
      Reviewed on Feb 12, 2018
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